Friday 19 February 2016

5 Reasons for Increase in Demand for Commercial Property in Bangalore


Bangalore known as “the Garden city” as well as “the silicon valley of India” has emerged as goldmine for the Karnataka state. Real estate market is flourishing with the development of residential and commercial projects in and around the city. Investors and NRIs are preferring property in Bangalore for investment purpose. The city is expanding and offering immense opportunities with boom in suburb market.

Many reputed builders are brining luxury ventures to meet the increasing demand for offices and shops in the city. The graph for commercial office space is exponentially increasing due to several factors. Major reasons for steady increase in the demand for commercial properties in Bangalore are as follows:

IT and ITES SEZ: As Bangalore is an electronic city already, many multinational are willing to open their corporate office here. There are numerous IT companies like Wipro, HCL, Convergys, Accenture, Infosys, etc, and still more opening in the area.  Whitefield, Hebbal and Sarjapur have major IT/ITES hub today. Setting up of SEZ in these areas have spurred economic growth in the state. 

Infrastructure: As Government revives the plans for infrastructure growth, real estate developers continue to bring new projects that meet rising demand of property buyers. Presently, 6 metro projects out of the 9 proposed metro plans by Namma are operational. This has tremendously improved connectivity all over the city. You can find many new developments in these areas which are inviting huge investment from across the sectors.

Value Appreciation: As educational, residential and IT hub, commercial property in Bangalore has become most preferred choice for investment. According to experts, investing in Bangalore can yield good return in future.  With industrial and IT development, hopes for higher capital gains have also increased. At present Whitefield, Yelahanka, Indiranagar, Narsapura and various other places offer decent returns.

Increasing Population: Be it soothing climate, skilled professionals, quality education, job opportunities, good work-life balance, Bangalore offers always the best. In addition to this, reverse of brain drain due to increase in opportunities in the place has also led to influx of population here. Constant upgradation of infrastructure and social amenities has been the major growth driver in the city.  The city checks all the points which make it the most preferred city in India for property investments. Real estate in Bangalore offers several commercial projects in Hosur, Whitefield, Sarjapur, Cunninggham Road, Electronic city, Marathahalli etc regions. These new developments are built to the highest standards to ensure fully secure and safe business environment for the increasing IT base as well as the manufacturing sector.

To attract tech savvy customers, these projects are being developed using high end technology. The other attractive features of the newly developed commercial projects are property staff, 100% power backup, multilevel car parking, conference room, CCTV surveillance, smoke detectors & fire alarms in common areas, etc. Current price of commercial shops in Bangalore starts from Rs. 2 Lacs onwards.  If you are planning to buy property or invest in Bangalore then these commercial shops and offices spaces give you best investment options. You can enquire online about commercial projects in Bengaluru through 360 Realtors who have been recently awarded the “Best consultant” for the Year 2015” by Indian Realty Award.